Empowered Funds LLC Acquires Shares of 203,306 Urban Outfitters, Inc. (NASDAQ:URBN)

Empowered Funds LLC bought a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 203,306 shares of the apparel retailer's stock, valued at approximately $7,789,000. Empowered Funds LLC owned approximately 0.22% of Urban Outfitters as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP increased its stake in Urban Outfitters by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer's stock worth $93,956,000 after purchasing an additional 1,230,771 shares during the period. Woodson Capital Management LP purchased a new stake in shares of Urban Outfitters during the first quarter valued at $27,233,000. Vanguard Group Inc. grew its stake in shares of Urban Outfitters by 5.0% in the first quarter. Vanguard Group Inc. now owns 8,054,721 shares of the apparel retailer's stock worth $349,736,000 after acquiring an additional 382,135 shares during the period. American Century Companies Inc. raised its stake in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer's stock valued at $63,836,000 after buying an additional 264,708 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Urban Outfitters during the second quarter valued at $7,685,000. 77.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

URBN has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Urban Outfitters from $48.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets lowered their price objective on Urban Outfitters from $42.00 to $39.00 and set a "market perform" rating on the stock in a research report on Thursday, August 22nd. Bank of America decreased their target price on Urban Outfitters from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. Barclays decreased their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an "overweight" rating on the stock in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group lowered their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an "underperform" rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.30.

Insider Activity

In other news, CEO Tricia D. Smith sold 11,730 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.80% of the company's stock.

Urban Outfitters Price Performance

NASDAQ URBN traded down $0.62 during trading on Friday, reaching $38.22. 1,343,728 shares of the company's stock traded hands, compared to its average volume of 1,175,706. The company's 50 day simple moving average is $36.83 and its two-hundred day simple moving average is $40.15. Urban Outfitters, Inc. has a 12-month low of $31.37 and a 12-month high of $48.90. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the business posted $1.10 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. Research analysts expect that Urban Outfitters, Inc. will post 3.65 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.